User

Catella AB (publ)

CAT-A.ST

Real Estate - Services · Real Estate

Price

kr 21.60

+1.80 (+9.09%)

Market Cap

kr 1.91B

Exchange

Stockholm Stock Exchange

Winston Score

Winston is serious

Below-average fundamentals — multiple weak pillars.

Winston Score below 40. The stock fails on most of our quality checks.

Catella AB is a Swedish financial services company that focuses on real estate. It helps clients buy, sell, and manage property across Europe, and also runs investment funds that own real estate assets. Its main customers are institutional investors, such as pension funds and insurance companies, as well as wealthy individuals looking to invest in property.

Catella makes money in two main ways: fees from advising on property transactions and fees from managing real estate funds on behalf of investors. The company operates primarily across Europe, with a strong presence in Sweden, Germany, France, and the Nordic region. Its edge comes from combining transaction advisory with asset management under one roof, which keeps clients engaged across multiple services. The key growth driver is rising demand from institutional investors for professionally managed real estate funds, though the business faces real risk from higher interest rates, which tend to slow property transactions and reduce real estate valuations across its markets.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-6.8% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+72.3% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

0.0% of revenue

Below sector average (1%)

Research and development spending

Insider Activity

52.0%ownership

Insiders own a meaningful stake in the company

Cash Runway

~4 years

$1.5B cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

$1.5B cash & investments at current burn rate

Revenue declining

Catella AB (publ)'s revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Gross Margin

51.2%

Healthy — 51.2% gross margin

Operating Margin

-15.2%

Losing money on operations — -15.2%

ROCE

-1.4%

Weak — -1.4% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales YoY

-6.9%

Shrinking sales (-6.9% YoY)

EPS YoY

N/A

Data not available

EPS Consistency

2/8 quarters

Earnings rarely grow — volatile business

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Cash Conversion

594%

Turns 594% of profit into real cash

FCF Margin

53.2%

Converts sales into free cash efficiently (53.2%)

Free cash flow margin above 20%. Out of every $100 in sales, more than $20 is real cash they keep.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

Debt / Equity

0.76

Moderate — manageable debt (0.76)

Interest Cover

3.89x

Tight — interest eats into profit (3.9x)

Interest coverage between 3 and 8. Profits cover interest several times over.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

P/E Ratio

37.3x

Pricey — P/E 37.3

P/E over 35. The market is pricing in heavy, sustained growth.

P/E vs Forward

-6.3

SLOWING

Earnings expected to fall — forward P/E higher than today

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Dividend Yield

4.36%

Healthy income — 4.36% yield

Generous yield. Worth checking whether the payout is sustainable.

Dividend Growth

-4.9%

Dividend cut (-4.9% YoY) — warning sign

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial